Leidos Holdings, Inc. $LDOS Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,981 shares of the aerospace company’s stock after acquiring an additional 4,339 shares during the quarter. Truist Financial Corp owned about 0.06% of Leidos worth $11,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new position in Leidos during the second quarter worth about $29,000. MCF Advisors LLC acquired a new position in Leidos in the 1st quarter valued at about $27,000. Optimum Investment Advisors boosted its holdings in Leidos by 260.0% in the 1st quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Leidos in the 1st quarter valued at about $33,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Leidos in the 1st quarter valued at about $54,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the sale, the director directly owned 21,068 shares of the company’s stock, valued at $3,738,095.24. This represents a 4.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the sale, the insider directly owned 25,817 shares in the company, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,975 shares of company stock valued at $4,078,740 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Leidos Price Performance

Leidos stock opened at $195.73 on Friday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company’s 50 day simple moving average is $179.51 and its 200-day simple moving average is $159.93. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the firm earned $2.63 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Leidos’s dividend payout ratio is presently 15.12%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LDOS. Citigroup reiterated a “buy” rating and issued a $190.00 target price (up from $186.00) on shares of Leidos in a report on Monday, July 14th. Royal Bank Of Canada upgraded shares of Leidos from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 4th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a report on Saturday, September 27th. Finally, Argus boosted their target price on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.31.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.